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Intuit to lay off 1,800 and hire an equal number as it refocuses on AI

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Inuit Inc. INTU, -1.39% said Wednesday it's cutting 1,800 jobs or about 10% of its workforce and hir...

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AI Summary

Intuit Inc. is cutting 1,800 jobs, about 10% of its workforce. Intuit plans to hire an equal number in engineering, product, and sales roles.

Market-Moving

  • Intuit Inc. is cutting 1,800 jobs, about 10% of its workforce.
  • Intuit plans to hire an equal number in engineering, product, and sales roles.

Key Facts

  • Intuit Inc. is cutting 1,800 jobs, about 10% of its workforce.
  • Intuit plans to hire an equal number in engineering, product, and sales roles.

Corporate Developments

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